Make Sure You Hire an Experienced Short Sale Negotiator to Guide You Through the Process

Eli Tene talks about when the short sale may be the right sale in today’s CVBT Audio

 Tene spoke about the advantages lenders have utilizing short sales 

Another Success by I Short Sale, Inc. to stop a foreclosure
Daily News, By Tony Castro, Staff Writer

Daily News, Los Angeles. By Tony Castro
Raffi Tal, whose I Short Sale, Inc. has been assisting the Hens, hopes to win a stay on Thursday's foreclosure - something he said he has done for them before.

We are certain that we would not have been able to accomplish it without your help.

“Traditional lenders are folding because they don’t have adequate financing and they can’t sustain themselves given the current market conditions,” said Tene. (Broker Agent Magazine)

“The average agent can help someone sell their home, but isn’t necessarily qualified to negotiate with a lender on a short sale,”

Please accept my appreciation for all your help and cooperation in successfully completing the sale of this home in San Diego. Your attitude and continually prompt support were so very important to me in moving forward from the start to the finish in this not-quite-so-easy transaction. But we got the job done!

I Short Sale, Inc. acts on behalf of the property owner, negotiating with their lender to come to an agreement on a dollar amount that allows the lender to be paid and the seller to divest themselves of their home without having to face the long-term negative ramifications of foreclosure. It is a tricky proposition, to be sure, and one that requires financial knowledge, equal amounts of professionalism, expertise, and understanding. (Broker Agent Magazine)

I Short Sale's industry-leading practices also provide a much-needed solution for real estate agents who don't know where to turn in this challenging market. Real estate agents are specialized in farming areas and in negotiating the buying and selling of properties on behalf of sellers and buyers. I Short Sale completes the picture for them, providing the lender-negotiation component that will facilitate the short sale process and help the agent close transactions. (Broker Agent Magazine)

The following options may be available to borrowers who are unable to afford their mortgage payments and who wish to avoid foreclosure.

An increasing number of homeowners are currently seeking a loan modification but not everyone can get one. Many troubled homeowners are simply getting lost in the system and are dangerously close to falling victim to a preventable foreclosure. With assistance from a certified loan modification specialist, distressed homeowners can effectively adjust the terms of their mortgage and avoid foreclosure.

"I know that if Brenda had not been involved in this escrow it would not have closed successfully"

I highly recommend iShortSale to anyone who needs a company who stands by their word, and trust me that’s very hard to find in this economy.

I can honestly say that the only reason we will still be in this house is because of Michael’s Herculean efforts and his relentlessness with Homecomings on our behalf to make sure this modification happened.

By Kate Berry, American Banker Raffi Tal, chief operating officer at IShortSale Inc. in Woodland Hills, Calif., said holders of second liens are often offered payoffs of $1,000 to $3,000 in short sales, and many such deals are held up because the lenders refuse to accept these payoffs.

Dear Mr. Tene, Thank you for contacting me regarding the current housing crisis. I appreciate hearing from you, and I am pleased to report that Congress is moving swiftly to address this critical issue.

After welcoming remarks by H.E. Prof. Gabriela Shalev, Israel’s Ambassador to the United Nations, keynote speakers Michael Stoler, of The Stoler Report, and Eli Tene, I Short Sale, Inc. spoke briefly about East and West Coasts (respectively) opportunities in a today’s distressed real estate markets.

Eli Tene, CEO of I Short Sale, Inc., has issued the following open letter to officials of the new government. In it, he notes the failure of current methods to solve the real estate crisis and explains why short sales would minimize losses and help preserve home prices.

Homeowners, buyers and real estate industry professionals who want to learn more about the short sale process are invited to be a guest of Craig Long, LLC for a special event featuring Raffi Tal, Chief Operating Officer of I Short Sale, Inc.

Eli Tene, CEO of I Short Sale, Inc. (ishortsale.com), a leading nationwide short sale and loss mitigation advisory firm, shared industry insights at the fifth annual Five Star Default Conference in Dallas, Texas.

Under a dark cloud of record-breaking foreclosure rates, real estate lenders, servicers and brokers will meet with loss mitigation experts to discuss short sales as one of the more effective ways in preventing the dreaded foreclosure.

I Short Sale, Inc. a loss mitigation advisory firm located in Woodland Hills, CA, reports a significant increase in short sale transactions in the West San Fernando Valley.

With the current foreclosure crisis, I Short Sale, Inc. recognizes the opportunistic environment created for qualified homebuyers.

We could see some of the best buying opportunities over the next two years, than any other time, in real estate history.

Hard economy forces families to leave their homes. Eli Tene from I Short Sale message: "You Don't Have to Loose Everything. You need to know your options". Mellisa McCarty from KCAL News reports.

We have all heard about the millions of Americans that are at the risk of losing their most valued possession, their home. But most of us do not know that scammers are actively roaming the neighborhood offering homeowners in trouble all kinds of tempting solutions. 
www.americanchronicle.com. By: Marc Fischer and Maoz Lev 

Los Angelinos may have been startled and shaken up by Tuesday’s earthquake, but a different more powerful shaker is causing panic across the southland.

Prices of single-family homes dropped a record 14.1 percent in the first-quarter in comparison to a year earlier, while U.S. consumer confidence is the lowest in 16 years as a result of escalating gasoline prices.

by Kenneth R. Harney, RealtyTimes.com

I Short Sale, Inc. (ishortsale.com), a leading nationwide short sale and loss mitigation advisory firm, has expanded its loan modification department with the addition of several experienced loan modification specialists and support staff.

The leading nationwide short sale and loss mitigation advisory firm, noted a recent increase in lender cooperation in regards to loan modifications.

Fannie Mae plans to roll out a new program in the next few months to encourage short sales of delinquent borrowers' homes, a move that shows mortgage investors may be willing to make further concessions as housing prices fall and the inventory of foreclosed properties continues to grow.

It’s not for everyone but it can help you out of a financial bind. Randy Paige from CBS2 and KCAL9 reports.

By Peter Y. Hong and Andrea Chang, Los Angeles Times Staff Writers
Home foreclosures in California surge in the fourth quarter of 2007 to more than double the previous record. "Those people overextended to get in to those neighborhoods. I have people in Calabasas, Encino, Woodland Hills, Agoura," Eli Tene said.

The volume of short sale requests "exploded" in the final three months of 2007 
by Kenneth R. Harney realtytimes.com

Yolanda Arenales, La Opinion
Reportera de NegociosLo que para el sector hipotecario se convirtió en una sacudida sin precedentes, para muchas familias fue o será el fin del ‘sueño americano’

P.J. wrote to ASC as well as to government officials and senators, stating profoundly that "I might lose my life serving our country. Why do you want me to lose my credit as well?" Receiving no positive reply, P.J. left for Iraq, his wife to her parents, and the empty house awaiting the bank's needless foreclosure. It is ironic that a soldier serving his country would receive so little in return.

By: ZACH FOX - Staff Writer. NCTimes.com

Eli Tene, founder of I Short Sale, a Woodland Hills-based firm that deals in distressed properties across the country, said the biggest drop in prices has come since October and has not yet shown up on the Case-Shiller index.

By Kevin Smith, Pasadena Star-News, Pasadena, CA

As president of I Short Sale Inc., the nation's largest loss mitigation and short-sale advisory firm, he fields about 20 requests a day from real estate agents, brokers and attorneys who have clients they feel are prime candidates for a short sale.

Eli Tene, the President of I Short Sale, Inc., a leading nationwide loss mitigation service provider, believes that the mortgage freeze plan is just another sign that the administration does not have the necessary tools to deal with a crisis. "If the goal is to help distressed homeowners, the mortgage rate freeze is missing the target," says Tene.

Don Jergler
Press-Telegram. Long Beach, CA.

We've been very busy," said Eli Tene, president and CEO of Woodland Hills-based iShortSale Inc.
"Every month we get 50 percent more volume," Tene said.

When property owners owe lenders more than the property is worth, short sales can be a reasonable solution to taking the property back through foreclosure.

In an effort to enhance the education of customers, the media, and the real estate industry as a whole, I Short Sale, Inc. today released their market prediction for 2008.

"Ensuring that Realtors are armed with the tools necessary to navigate the current cycle and provide exceptional service to their customers is the key to helping the economy as a whole," states Eli Tene, President.

On behalf of I Short Sale, Inc., we would like to thank you for the active participation in our recent short sale workshop in Florida.

Now Strategic Asset Solutions website's visitors can search multiple listings by property type, location, price and a number of other search criteria on behalf of their affiliate, I Short Sale, Inc.

Eli Tene, President of I Short Sale, Inc. (ishortsale.com), states, "We see the trend growing daily. People are being choked! We hear disheartening story after story from borrowers that come to us for short sale solutions or that have already been foreclosed upon by their lender, as they were unable to refinance." I Short Sale has quickly become the largest processor of short sales in the country, aiding the millions of Americans faced with losing their homes and damaging their credit. "As rules and regulations continue to tighten, people with the inability to show full documentation are being singled out and washed away."

Under a dark cloud of record-breaking foreclosure rates, real estate lenders, servicers and brokers met with loss mitigation experts to discuss short sales as one of the more effective ways in preventing the dreaded foreclosure.

Lenders of all sizes have been pointed out by experts for irresponsiveness in handling the loss mitigation of delinquent mortgage loans.
Loss mitigation specialists report in some cases spending close to two hours over the phone just to pinpoint the right representative to speak with in the company.

Experts report that the growing inventory of homes on the market has helped in this surge and there is no foreseeable relief in many areas across the country.
Are short sales just an opportunity to bailout homeowners?

... HUD has recently pushed them to pursue these including a pre-foreclosure short sale where the borrower sells the property for its appraised value even though this may result in a "short sale."
.... "I'm familiar with the term in stocks, but not real estate or mortgages."

Stocks are sold short when an investor sells securities that he does not own in anticipation that the price will plummet so that......

by Nicolla R. Moore, RealtyTimes.com

"In the last few years we have seen a wave of 100 percent financing, refinancing and cashing out beyond the real affordability level of the buyer," said Eli Tene, CEO of I Short Sale, and a real estate expert with over 16 years experience in the area of short sales.

When property owners owe lenders more than the property is worth, short sales can be a reasonable solution to taking the property back through foreclosure.

Wall Street Journal, P. D1; Simon, Ruth
Moody's Economy.com and Equifax Inc. report a jump in mortgage delinquencies to 2.51 percent in the fourth quarter of 2006 from 2.33 percent during the previous three-month period.

Mt. Pleasant, PA,– The number of housing foreclosures rose sharply across the country in 2006, reported Default Research, the rapidly growing real estate research company for foreclosure properties. The largest increase in foreclosure activity was in Nevada (up 166 percent); while the smallest increase was in Washington State (up only18 percent)

By Michael Wolford – Innovative Strategies

The following information is advice you are unlikely to get from your lender. Property owners who experience payment difficulty or those whose property value have decreased can certainly fight back and reduce their debt while protecting their credit.

Recent public surveys reveal that the majority of borrowers who are behind on their mortgage payments (more than 61%), are unaware that there are ways out of their distressed situation. Although there are viable alternatives, most property owners tend to sit idle when faced with a foreclosure and allow the process to continue despite its serious consequences.

In light of these findings, we interviewed Eli Tene, CEO of iShortsale Inc., from Woodland Hills, CA, a nationally regarded expert in assisting property owners with resolving their distressed situations. We also interviewed Steven Roseman, a renowned real estate attorney and a managing partner of the Roseman & Antoni Law Firm.

La Jolla, CA. - First-quarter foreclosure activity in California increased to the highest level in more than two years, the result of slower home price increases, a real estate information service reported.

Recorded Notice of Defaults were up 23.4% from the prior quarter and up 28.7% from the 1st quarter in 2005 to the 1st quarter in 2006. In the last quarterly report the year over year increase was only up 15.6%. It appears things are changing in a hurry.

USATODAY.com

For 45 years, Robert and Lorraine Brown have lived in their ranch-style home .... But for the past eight months, the couple have been locked in a sleep-wrecking race to keep up with their rising mortgage bills. They've switched to cheaper phone service, cut back on groceries and sometimes put off ordering medicine.

When they refinanced their home two years ago to pay off some bills, Robert, now 78, was working as a deliveryman. But his employer went out of business last April. Now he and Lorraine, 72, a retired nurse, are both seeking work. The rate on their mortgage has jumped from 7% to 10.5%.

You may have heard commercials telling you that if you lose your home in foreclosure or sell it through a short sale, you can be liable for a substantial amount of income tax on the amount you save through "debt relief." Whichever company is putting out the commercial also claims that they can help you avoid these income taxes when you want to get out from under your house payments.

... HUD has recently pushed them to pursue these including a pre-foreclosure short sale where the borrower sells the property for its appraised value even though this may result in a "short sale."
.... "I'm familiar with the term in stocks, but not real estate or mortgages."

Stocks are sold short when an investor sells securities that he does not own in anticipation that the price will plummet so that......